The Chamber of Deputies passed a reviewed version of the federal government’s legislative proposals for tax reform on 17 October 2013.
With respect to the maquiladoras tax regime, the definition of a “maquiladora operation” would be incorporated into a provision of the income tax law. This would be substantially similar to the definition under the current IMMEX decree, but would include a new requirement that the total revenue for the maquila’s productive activity would have to be obtained exclusively from the maquiladora activity. The proposals are measures that would affect related-party transactions and other provisions that would allow maquiladoras a “safe harbor” transfer pricing method or the probability to acquire an advance pricing agreement (APA).
